- The German government approved a draft law to amend real estate transfer tax (RETT) rules, preventing double RETT on share deal transactions by making only the signing event a RETT trigger, not the closing event.
- The draft law proposes increasing the minimum municipal trade tax rate from 7% to 9.8%.
- The law would make German real estate-owning entities subject to RETT notification and liability at the signing event if 90% or more of shares are transferred.
- The RETT notification period for German resident taxpayers would be extended from two weeks to one month, aligning with the period for non-residents.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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